Asia Pacific Compound Feed Market

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Asia Pacific Compound Feed Market, By Ingredient (Cereals, Cakes & Meals, Animal B-products); By Livestock (Ruminants, Poultry, Swine, Aquaculture); By Form (Mash, Pallets, Crumbles); By Source (Plant-based, Animal-based); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC), Competitive Landscape & Forecast, 2019–2029

Published Date: August 2023
Report ID: BWC23686
Available Format: PDF
Page: 200

Report Overview

Rising demand for animal products, expanding livestock industry, rapid urbanization, changing dietary preferences, and growing awareness of the benefits of balanced animal nutrition, leading to a higher demand for compound feed in the region are propelling the growth of Asia-Pacific Compound Feed Market during the forecast period between 2023 and 2029.

Asia-Pacific Compound Feed Market – Industry Trends & Forecast Report, 2029

Asia-Pacific compound feed market size was estimated at USD 81.69 billion in 2022. During the forecast period between 2023 and 2029, the size of Asia-Pacific compound feed market is projected to grow at a CAGR of 4.22% reaching a value of USD 115.12 billion by 2029. Major factor driving the growth of the Asia-Pacific compound feed market is an increasing demand for high-quality animal protein products due to population growth and rising disposable incomes. Also, there was a shift towards more sustainable and organic feed options, driven by environmental and health concerns. The market also saw technological advancements in feed formulations and production processes to enhance nutritional value and feed efficiency. The adoption of innovative ingredients and additives, coupled with the expansion of the livestock industry, contributed to the overall development of the compound feed sector in the Asia-Pacific region.

Asia-Pacific Compound Feed Market

Asia-Pacific Compound Feed Market - Overview

Compound feed, also known as manufactured feed, is a nutritionally balanced mixture of various ingredients designed to meet the dietary requirements of livestock and poultry. This ready-to-eat feed includes cereals, grains, protein-rich sources (e.g., soybean meal), vitamins, minerals, and additives. Produced through precise formulation and processing, compound feed ensures optimal growth, health, and productivity of animals, while reducing wastage and cost inefficiencies associated with individual ingredient feeding. It plays a crucial role in modern livestock farming, supporting efficient and sustainable meat, milk, and egg production. Balanced compound feed enhances animal welfare and fosters food security by supporting the livestock industry's growth and productivity.

Growth Drivers

Rising Demand for Protein-rich Foods Propelling Growth of Asia-Pacific Compound Feed Market

In the rapidly developing Asia-Pacific region, the compound feed market is being driven by the escalating demand for protein-rich food products. As economies grow, so does the purchasing power of consumers, leading to a shift in dietary preferences towards protein-heavy diets. Also, a surge in population and urbanization further fuels the demand for livestock and poultry products. Compound feed, being a cost-effective and efficient means of enhancing animal growth and productivity, has become a crucial factor in meeting the escalating protein requirements. This growing appetite for protein-based diets is expected to fuel the continuous expansion of the Asia-Pacific Compound feed market.

Restraints

Sustainability Challenges

In the rapidly growing Asia-Pacific compound feed market, one significant restraint is the mounting pressure for sustainable practices. With increasing awareness of environmental concerns and consumer demands for ethically sourced products, feed manufacturers face challenges in sourcing sustainable ingredients. Satisfying the rising demand for livestock and aquaculture feed while adhering to eco-friendly practices requires substantial investments in research and development. Also, compliance with stringent regulations related to emissions, waste management, and resource utilization further complicates the industry's expansion. Successfully navigating these sustainability constraints will be crucial for the long-term growth and viability of the region's compound feed market.

Asia-Pacific Compound Feed Market

Segmental Coverage

Asia-Pacific Compound Feed Market – By Ingredient

Based on ingredients, the Asia-Pacific compound feed market is divided into Cereals, Cakes & Meals, and Animal B-products segments. The largest segment in the Asia-Pacific compound feed market is cereals, which encompasses various grains and cereals used in animal feed production. This segment is characterized by its significant market share and widespread use in the region. The other segments, cakes & meals and animal B-products are also important components of the market but do not match the dominance of the cereals segment. As demand for livestock and poultry products continues to grow in the region, the cereals segment is expected to maintain its leading position in the compound feed industry.

Asia-Pacific Compound Feed Market – By Livestock

By livestock, the Asia-Pacific compound feed market is divided into Ruminants, Poultry, Swine, and Aquaculture segments. The poultry segment holds the highest market share, reflecting its significance and demand within the region. Poultry farming is prevalent in many countries, driven by the increasing consumption of poultry products. Factors such as population growth, rising incomes, and changing dietary preferences have contributed to the growth of the poultry segment in the Asia-Pacific compound feed market, making it the most prominent and influential sector in the industry.

Asia-Pacific Compound Feed Market Size

Asia-Pacific Compound Feed Market – By Form

Based on form, Asia-Pacific compound feed market is divided into Mash, Pallets, and Crumbles segments. Each segment represents a specific form of compound feed used in animal nutrition. Mash refers to finely ground feed, while pellets are compacted and shaped feed products. Crumbles are small particles formed from crushed pellets. These segments offer different benefits and are tailored to meet the specific nutritional needs and feeding preferences of various livestock species. The diversity in product forms enables farmers and feed manufacturers to select the most suitable option based on the target animal's age, size, and dietary requirements, contributing to the overall growth and efficiency of the regional feed industry.

Asia-Pacific Compound Feed Market – By Source

On the basis of source, Asia-Pacific compound feed market is bifurcated into Plant- based and Animal-based segment. In the plant-based segment, the feed is primarily derived from various plant sources, such as grains, soybean, and other agricultural products. On the other hand, the animal-based segment comprises feed that is sourced from animal-derived ingredients like fishmeal or meat by-products. These segments cater to the diverse nutritional needs of livestock, poultry, and aquaculture industries in the region. The compound feed industry in Asia Pacific plays a crucial role in supporting the growing demand for high-quality and balanced nutrition for animal farming operations.

Asia-Pacific Compound Feed Market – By Country

By country, Asia-Pacific compound feed market is segmented into China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC. These countries have distinct agricultural practices, livestock preferences, and economic factors that influence their compound feed consumption patterns. Understanding the dynamics of these segments is crucial for stakeholders and businesses seeking to capitalize on the diverse opportunities in the booming Asia-Pacific compound feed market.

Competitive Landscape

Major players in the Asia-Pacific Compound feed market include Charoen Pokphand Foods, Cargill Inc., Land O Lakes Purina, Alltech Inc., Archer Daniels Midland, ForFarmers, DeKalb Feeds, Kent Feeds, Weston Milling Animal Nutrition, and Nutreco NV. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2022
	Base Year – 2022
	Estimated Year – 2023
	Forecast Period – 2023–2029
Facts Covered	Revenue in USD Billion
Market Coverage	China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC
Product/ Service Segmentation	Ingredient, Livestock, Form, Source, Country
Key Players	Charoen Pokphand Foods, Cargill Inc., Land O Lakes Purina, Alltech Inc., Archer Daniels Midland, ForFarmers, DeKalb Feeds, Kent Feeds, Weston Milling Animal Nutrition, Nutreco NV

By Ingredient

- Cereals
- Cakes & Meals
- Animal B-products

By Livestock

- Ruminants
- Poultry
- Swine
- Aquaculture

By Form

- Mash
- Pallets
- Crumbles

By Source

- Plant- based
- Animal-based

By Country

- China
- India
- Japan
- South Korea
- Australia & New Zealand
- Indonesia
- Malaysia
- Singapore
- Vietnam
- Rest of APAC

Research Framework
1. Research Objective
2. Product Overview
3. Market Segmentation
Executive Summary
APAC Compound Feed Market Insights
1. Source Value Chain Analysis
2. DROC Analysis
  1. Growth Drivers
    1. Surge in demand for appropriate livestock nutrition
    2. Advancement in technology
  2. Restraints
    1. Volatile raw material prices for manufacturing of compound feed
  3. Opportunities
    1. Growing importance of livestock feeding practice in developing economies
  4. Challenges
    1. Stringent regulatory framework
3. Technology Advancements/Recent Developments
4. Regulatory Framework
5. Porter’s Five Forces Analysis
  1. Bargaining Power of Suppliers
  2. Bargaining Power of Buyers
  3. Threat of New Entrants
  4. Threat of Substitutes
  5. Intensity of Rivalry
APAC Compound Feed Market Overview
1. Market Size & Forecast, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Ingredient
    1. Cereals
    2. Cakes & Meals
    3. Animal B-products
    4. Others
  2. By Livestock
    1. Ruminants
    2. Poultry
    3. Swine
    4. Aquaculture
    5. Others
  3. By Form
    1. Mash
    2. Pallets
    3. Crumbles
    4. Others
  4. By Source
    1. Plant- based
    2. Animal-based
  5. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Australia & New Zealand
    6. Indonesia
    7. Malaysia
    8. Singapore
    9. Vietnam
    10. Rest of APAC
China Compound Feed Market
1. Market Size & Forecast, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Ingredient
  2. By Livestock
  3. By Form
  4. By Source
India Compound Feed Market
1. Market Size & Forecast, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Ingredient
  2. By Livestock
  3. By Form
  4. By Source
Japan Compound Feed Market
1. Market Size & Forecast, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Ingredient
  2. By Livestock
  3. By Form
  4. By Source
South Korea Compound Feed Market
1. Market Size & Forecast, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Ingredient
  2. By Livestock
  3. By Form
  4. By Source
Australia & New Zealand Compound Feed Market
1. Market Size & Forecast, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Ingredient
  2. By Livestock
  3. By Form
  4. By Source
Indonesia Compound Feed Market
1. Market Size & Forecast, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Ingredient
  2. By Livestock
  3. By Form
  4. By Source
Malaysia Compound Feed Market
1. Market Size & Forecast, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Ingredient
  2. By Livestock
  3. By Form
  4. By Source
Singapore Compound Feed Market
1. Market Size & Forecast, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Ingredient
  2. By Livestock
  3. By Form
  4. By Source
Vietnam Compound Feed Market
1. Market Size & Forecast, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Ingredient
  2. By Livestock
  3. By Form
  4. By Source
Rest of APAC Compound Feed Market
1. Market Size & Forecast, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Ingredient
  2. By Livestock
  3. By Form
  4. By Source
Competitive Landscape
1. List of Key Players and Their Offerings
2. Asia-Pacific Compound Feed Company Market Share Analysis, 2022
3. Competitive Benchmarking, By Operating Parameters
4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
Impact of Covid-19 on Asia-Pacific Compound Feed Market
Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
1. Charoen Pokphand Foods
2. Cargill Inc.
3. Land O Lakes Purina
4. Alltech Inc.
5. Archer Daniels Midland
6. ForFarmers
7. DeKalb Feeds
8. Kent Feeds
9. Weston Milling Animal Nutrition
10. Nutreco NV
11. Other Prominent Players
Key Strategic Recommendations
Research Methodology
1. Qualitative Research
  1. Primary & Secondary Research
2. Quantitative Research
3. Market Breakdown & Data Triangulation
  1. Secondary Research
  2. Primary Research
4. Breakdown of Primary Research Respondents, By Region
5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1 Asia-Pacific Compound Feed Segmentation

Figure 2 Asia-Pacific Compound Feed Market Value Chain Analysis

Figure 3 Company Market Share Analysis, 2022

Figure 4 Asia-Pacific Compound Feed Market Size, By Value (USD Billion), 2019–2029

Figure 5 Asia-Pacific Compound Feed Market Share, By Ingredient, By Value, 2019–2029

Figure 6 Asia-Pacific Compound Feed Market Share, By Livestock, By Value, 2019–2029

Figure 7 Asia-Pacific Compound Feed Market Share, By Form, By Value, 2019–2029

Figure 8 Asia-Pacific Compound Feed Market Share, By Source, By Value, 2019–2029

Figure 9 Asia-Pacific Compound Feed Market Share, By Country, By Value, 2019–2029

Figure 10 China Compound Feed Market Size, By Value (USD Billion), 2019–2029

Figure 11 China Compound Feed Market Share, By Ingredient, By Value, 2019–2029

Figure 12 China Compound Feed Market Share, By Livestock, By Value, 2019–2029

Figure 13 China Compound Feed Market Share, By Form, By Value, 2019–2029

Figure 14 China Compound Feed Market Share, By Source, By Value, 2019–2029

Figure 15 India Compound Feed Market Size, By Value (USD Billion), 2019–2029

Figure 16 India Compound Feed Market Share, By Ingredient, By Value, 2019–2029

Figure 17 India Compound Feed Market Share, By Livestock, By Value, 2019–2029

Figure 18 India Compound Feed Market Share, By Form, By Value, 2019–2029

Figure 19 India Compound Feed Market Share, By Source, By Value, 2019–2029

Figure 20 Japan Compound Feed Market Size, By Value (USD Billion), 2019–2029

Figure 21 Japan Compound Feed Market Share, By Ingredient, By Value, 2019–2029

Figure 22 Japan Compound Feed Market Share, By Livestock, By Value, 2019–2029

Figure 23 Japan Compound Feed Market Share, By Form, By Value, 2019–2029

Figure 24 Japan Compound Feed Market Share, By Source, By Value, 2019–2029

Figure 25 South Korea Compound Feed Market Size, By Value (USD Billion), 2019–2029

Figure 26 South Korea Compound Feed Market Share, By Ingredient, By Value, 2019–2029

Figure 27 South Korea Compound Feed Market Share, By Livestock, By Value, 2019–2029

Figure 28 South Korea Compound Feed Market Share, By Form, By Value, 2019–2029

Figure 29 South Korea Compound Feed Market Share, By Source, By Value, 2019–2029

Figure 30 Australia & New Zealand Compound Feed Market Size, By Value (USD Billion), 2019–2029

Figure 31 Australia & New Zealand Compound Feed Market Share, By Ingredient, By Value, 2019–2029

Figure 32 Australia & New Zealand Compound Feed Market Share, By Livestock, By Value, 2019–2029

Figure 33 Australia & New Zealand Compound Feed Market Share, By Form, By Value, 2019–2029

Figure 34 Australia & New Zealand Compound Feed Market Share, By Source, By Value, 2019–2029

Figure 35 Indonesia Compound Feed Market Size, By Value (USD Billion), 2019–2029

Figure 36 Indonesia Compound Feed Market Share, By Ingredient, By Value, 2019–2029

Figure 37 Indonesia Compound Feed Market Share, By Livestock, By Value, 2019–2029

Figure 38 Indonesia Compound Feed Market Share, By Form, By Value, 2019–2029

Figure 39 Indonesia Compound Feed Market Share, By Source, By Value, 2019–2029

Figure 40 Malaysia Compound Feed Market Size, By Value (USD Billion), 2019–2029

Figure 41 Malaysia Compound Feed Market Share, By Ingredient, By Value, 2019–2029

Figure 42 Malaysia Compound Feed Market Share, By Livestock, By Value, 2019–2029

Figure 43 Malaysia Compound Feed Market Share, By Form, By Value, 2019–2029

Figure 44 Malaysia Compound Feed Market Share, By Source, By Value, 2019–2029

Figure 45 Singapore Compound Feed Market Size, By Value (USD Billion), 2019–2029

Figure 46 Singapore Compound Feed Market Share, By Ingredient, By Value, 2019–2029

Figure 47 Singapore Compound Feed Market Share, By Livestock, By Value, 2019–2029

Figure 48 Singapore Compound Feed Market Share, By Form, By Value, 2019–2029

Figure 49 Singapore Compound Feed Market Share, By Source, By Value, 2019–2029

Figure 50 Vietnam Compound Feed Market Size, By Value (USD Billion), 2019–2029

Figure 51 Vietnam Compound Feed Market Share, By Ingredient, By Value, 2019–2029

Figure 52 Vietnam Compound Feed Market Share, By Livestock, By Value, 2019–2029

Figure 53 Vietnam Compound Feed Market Share, By Form, By Value, 2019–2029

Figure 54 Vietnam Compound Feed Market Share, By Source, By Value, 2019–2029

Figure 55 Rest of APAC Compound Feed Market Size, By Value (USD Billion), 2019–2029

Figure 56 Rest of APAC Compound Feed Market Share, By Ingredient, By Value, 2019–2029

Figure 57 Rest of APAC Compound Feed Market Share, By Livestock, By Value, 2019–2029

Figure 58 Rest of APAC Compound Feed Market Share, By Form, By Value, 2019–2029

Figure 59 Rest of APAC Compound Feed Market Share, By Source, By Value, 2019–2029

List of Tables

Table 1 Asia-Pacific Compound Feed Market Size, By Value (USD Billion), 2019–2029

Table 2 Asia-Pacific Compound Feed Market Size, By Ingredient, By Value, 2019–2029

Table 3 Asia-Pacific Compound Feed Market Size, By Livestock, By Value, 2019–2029

Table 4 Asia-Pacific Compound Feed Market Size, By Form, By Value, 2019–2029

Table 5 Asia-Pacific Compound Feed Market Size, By Source, By Value, 2019–2029

Table 6 Asia-Pacific Compound Feed Market Size, By Country, By Value, 2019–2029

Table 7 China Compound Feed Market Size, By Value (USD Billion), 2019–2029

Table 8 China Compound Feed Market Size, By Ingredient, By Value, 2019–2029

Table 9 China Compound Feed Market Size, By Livestock, By Value, 2019–2029

Table 10 China Compound Feed Market Size, By Form, By Value, 2019–2029

Table 11 China Compound Feed Market Size, By Source, By Value, 2019–2029

Table 12 India Compound Feed Market Size, By Value (USD Billion), 2019–2029

Table 13 India Compound Feed Market Size, By Ingredient, By Value, 2019–2029

Table 14 India Compound Feed Market Size, By Livestock, By Value, 2019–2029

Table 15 India Compound Feed Market Size, By Form, By Value, 2019–2029

Table 16 India Compound Feed Market Size, By Source, By Value, 2019–2029

Table 17 Japan Compound Feed Market Size, By Value (USD Billion), 2019–2029

Table 18 Japan Compound Feed Market Size, By Ingredient, By Value, 2019–2029

Table 19 Japan Compound Feed Market Size, By Livestock, By Value, 2019–2029

Table 20 Japan Compound Feed Market Size, By Form, By Value, 2019–2029

Table 21 Japan Compound Feed Market Size, By Source, By Value, 2019–2029

Table 22 South Korea Compound Feed Market Size, By Value (USD Billion), 2019–2029

Table 23 South Korea Compound Feed Market Size, By Ingredient, By Value, 2019–2029

Table 24 South Korea Compound Feed Market Size, By Livestock, By Value, 2019–2029

Table 25 South Korea Compound Feed Market Size, By Form, By Value, 2019–2029

Table 26 South Korea Compound Feed Market Size, By Source, By Value, 2019–2029

Table 27 Australia & New Zealand Compound Feed Market Size, By Value (USD Billion), 2019–2029

Table 28 Australia & New Zealand Compound Feed Market Size, By Ingredient, By Value, 2019–2029

Table 29 Australia & New Zealand Compound Feed Market Size, By Livestock, By Value, 2019–2029

Table 30 Australia & New Zealand Compound Feed Market Size, By Form, By Value, 2019–2029

Table 31 Australia & New Zealand Compound Feed Market Size, By Source, By Value, 2019–2029

Table 32 Indonesia Compound Feed Market Size, By Value (USD Billion), 2019–2029

Table 33 Indonesia Compound Feed Market Size, By Ingredient, By Value, 2019–2029

Table 34 Indonesia Compound Feed Market Size, By Livestock, By Value, 2019–2029

Table 35 Indonesia Compound Feed Market Size, By Form, By Value, 2019–2029

Table 36 Indonesia Compound Feed Market Size, By Source, By Value, 2019–2029

Table 37 Malaysia Compound Feed Market Size, By Value (USD Billion), 2019–2029

Table 38 Malaysia Compound Feed Market Size, By Ingredient, By Value, 2019–2029

Table 39 Malaysia Compound Feed Market Size, By Livestock, By Value, 2019–2029

Table 40 Malaysia Compound Feed Market Size, By Form, By Value, 2019–2029

Table 41 Malaysia Compound Feed Market Size, By Source, By Value, 2019–2029

Table 42 Singapore Compound Feed Market Size, By Value (USD Billion), 2019–2029

Table 43 Singapore Compound Feed Market Size, By Ingredient, By Value, 2019–2029

Table 44 Singapore Compound Feed Market Size, By Livestock, By Value, 2019–2029

Table 45 Singapore Compound Feed Market Size, By Form, By Value, 2019–2029

Table 46 Singapore Compound Feed Market Size, By Source, By Value, 2019–2029

Table 47 Vietnam Compound Feed Market Size, By Value (USD Billion), 2019–2029

Table 48 Vietnam Compound Feed Market Size, By Ingredient, By Value, 2019–2029

Table 49 Vietnam Compound Feed Market Size, By Livestock, By Value, 2019–2029

Table 50 Vietnam Compound Feed Market Size, By Form, By Value, 2019–2029

Table 51 Vietnam Compound Feed Market Size, By Source, By Value, 2019–2029

Table 52 Rest of APAC Compound Feed Market Size, By Value (USD Billion), 2019–2029

Table 53 Rest of APAC Compound Feed Market Size, By Ingredient, By Value, 2019–2029

Table 54 Rest of APAC Compound Feed Market Size, By Livestock, By Value, 2019–2029

Table 55 Rest of APAC Compound Feed Market Size, By Form, By Value, 2019–2029

Table 56 Rest of APAC Compound Feed Market Size, By Source, By Value, 2019–2029

Table 57 Charoen Pokphand Foods Company Overview

Table 58 Charoen Pokphand Foods Financial Overview

Table 59 Cargill Inc. Company Overview

Table 60 Cargill Inc. Financial Overview

Table 61 Land O Lakes Purina Company Overview

Table 62 Land O Lakes Purina Financial Overview

Table 63 Alltech Inc. Company Overview

Table 64 Alltech Inc. Financial Overview

Table 65 Archer Daniels Midland Company Overview

Table 66 Archer Daniels Midland Financial Overview

Table 67 ForFarmers Company Overview

Table 68 ForFarmers Financial Overview

Table 69 DeKalb Feeds Company Overview

Table 70 DeKalb Feeds Financial Overview

Table 71 Kent Feeds Company Overview

Table 72 Kent Feeds Financial Overview

Table 73 Weston Milling Animal Nutrition Company Overview

Table 74 Weston Milling Animal Nutrition Financial Overview

Table 75 Nutreco NV Company Overview

Table 76 Nutreco NV Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

1. Which Ingredient segment accounts for the major share of Asia-Pacific Compound Feed Market?

Ans: The cereals segment accounts for the highest market share in Asia-Pacific Compound Feed Market by ingredient.

2. Which livestock segment accounts for a major share of Asia-Pacific Compound Feed Market?

Ans: The poultry segment accounts for the highest market share in Asia-Pacific Compound Feed Market by livestock.

3. What is the current market size of Asia-Pacific Compound Feed Market?

Ans: Asia-Pacific Compound Feed Market size was estimated at USD 81.69 billion in 2022.

4. What are the major factors driving the growth of the Asia-Pacific Compound Feed Market?

Ans: Major factors driving the growth of Asia-Pacific Compound Feed Market include rising demand for animal products, expanding livestock industry, increasing urbanization, changing dietary preferences, and growing awareness of the benefits of balanced animal nutrition, leading to higher demand for compound feed in the region.

5. Name the key players in Asia-Pacific Compound Feed Market.

Ans: Key players in Asia-Pacific Compound Feed Market include Charoen Pokphand Foods, Cargill Inc., Land O Lakes Purina, Alltech Inc., Archer Daniels Midland, ForFarmers, DeKalb Feeds, Kent Feeds, Weston Milling Animal Nutrition, and Nutreco NV.

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